Over 60 U.S. Stocks, Including Nvidia and Tesla, Set to Go Onchain

Markets Over 60 U.S. stocks, such as Nvidia and Tesla, are preparing to transition to an onchain format. Here’s how the process will function.

A 24/7 Market for Tokenized Stocks

A new 24/7 trading venue is being developed that will provide a variety of tokenized U.S. stocks. Trades will be executed against stablecoins via blockchain-based liquidity pools, moving away from the traditional order book system.

Reported by Helene Braun and Krisztian Sandor, and edited by Aoyon Ashraf, this update was published on October 5, 2026, at 1:18 PM EDT.

• OKX, in partnership with Intercontinental Exchange (the owner of the NYSE), is launching a 24/7 blockchain trading platform for tokenized stocks, including major names like Nvidia, Tesla, and Apple.
• Each token will be directly backed by a corresponding share, allowing trading through blockchain liquidity pools using stablecoins.
• The platform will test the demand for continuous trading of U.S. stocks, although corporate objections, liquidity issues, and temporary regulatory relief could hinder widespread adoption.

Prominent U.S. stocks like Nvidia, Tesla, Apple, and Microsoft are expected to be available for trading around the clock on this innovative blockchain market from OKX and the NYSE's parent company.

The regulatory filing from OKXICE, a collaboration between OKX and the NYSE owner, outlines over 60 securities intended for tokenization and provides details on the market's operation.

The proposed list features companies such as Nvidia, Tesla, Apple, Microsoft, Amazon, and Alphabet, along with crypto-related firms like Coinbase, Circle, and Robinhood. Additional names include JPMorgan, Goldman Sachs, Walmart, Netflix, Reddit, and Boeing.

However, just because a stock is included in the filing does not guarantee its availability on the platform, as companies can object to their shares being tokenized within a 30-day timeframe. For instance, Cerebras has already raised objections.

“No symbol is a given,” analysts from TD Securities noted in a report on Monday.

For investors, the concept of tokenization can be simplified by viewing it as a familiar stock being represented by a digital token that can be traded on a blockchain.

For example, instead of purchasing Nvidia shares through a conventional brokerage and navigating the traditional stock market system, an investor on OKXICE would acquire a digital token that represents ownership of a share of Nvidia.

The filing indicates that the actual stock will be held by a registered broker-dealer on a one-to-one basis, meaning one Nvidia token corresponds to one Nvidia share. Token holders will also enjoy the economic rights associated with the stock, including dividends and voting privileges.

Mechanics of the Trading System

Investors on this new platform will use stablecoins, a type of digital dollar, to buy and sell tokenized stocks instead of traditional dollars. OKXICE intends to support USDC, USDT, and USDG, which are cryptocurrencies designed to maintain a stable value of $1.

Unlike conventional trading, there will not be a system to match buy and sell orders. Instead, stock tokens and digital dollars will be pooled in blockchain-based liquidity pools that traders can interact with. When an investor buys Nvidia tokens, it removes them from the pool while adding digital dollars, thus increasing the price. Conversely, selling tokens will decrease the price.

These liquidity pools, known as automated market makers (AMMs), utilize specific rules to determine trading prices. More advanced versions may allow professional trading firms to actively manage prices and stock availability, potentially enabling market behavior similar to that of traditional exchanges.

TD Securities pointed out that these AMMs could take various forms. A typical AMM would set prices based on a mathematical formula reliant on the pool's assets, but the bank believes that more actively managed models may be more relevant for stock trading.

“We see Prop AMMs and managed Multi-Pool Venues as significantly more impactful than standard AMM models,” the analysts stated, claiming that liquidity providers can adjust prices and inventory and are “less likely to be affected by stale prices.”

In this model, a market maker would set prices using market data and its inventory, while another might consolidate multiple liquidity pools to create a venue that resembles a traditional stock exchange.

This system mirrors technology already in use by decentralized crypto exchanges, but OKXICE aims to apply it to stock trading. Transactions will occur on XLayer, a blockchain developed by OKX, utilizing decentralized exchange Uniswap's infrastructure.

A key distinction is that trading will not cease when Wall Street closes.

OKXICE plans to operate continuously, including during nights and weekends.

This means investors could, in theory, trade tokenized Nvidia shares on a Sunday afternoon, even when Nvidia stocks are not available on the Nasdaq. Prices on this new platform will be determined by its own buying and selling activity rather than being dictated by the latest Nasdaq price.

Additionally, the market will not permit anonymous trading; users will have to complete identity verification and anti-money laundering checks before participating, as stated in the filing.

Thus, while the investment structure may appear familiar—a token representing a share of Nvidia, complete with dividends and voting rights—the underlying mechanisms are notably different.

Challenges Ahead

The acceptance of this new trading model by investors remains uncertain.

TD Securities has indicated that it perceives “limited near-term relevance for institutional investors,” partly due to the already efficient access U.S. investors have to listed stocks. The firm also noted a lack of interest from companies in having their shares tokenized and the ambiguity surrounding the regulatory environment.

The SEC's temporary relief lasts for five years without establishing permanent regulations, which could deter large financial firms from investing in systems for a market with potentially shifting regulatory foundations.

The significant test will be whether enough investors and trading firms engage with the platform to keep prices closely aligned with traditional stocks, particularly during off-hours when U.S. exchanges are not operational.

Nonetheless, this venue will serve as a pioneering test of the interest from both traders and corporations in tokenized stocks. "The most important takeaway is NOT that OKXICE is launching yet another tokenized-stock venue," remarked Harvey Li, founder of Tokenization Insight. "It’s that OKXICE could become one of the first real-world evaluations of which tokenization model can scale U.S. equities onchain the fastest and ultimately establish the leading market structure."